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Nalezeno "fatf": 339

G-7 Must Take Charge in Ending 'Lawless' Crypto Space, FATF Chief Says

18.5.2023
President of the global financial crimes watchdog, T. Raja Kumar, urged G-7 leaders to "effectively" implement FATF's crypto anti-money laundering norms ahead of their meeting this weekend

Pakistan to Ban Online Services Related to Cryptocurrencies

18.5.2023
Authorities in Pakistan intend to prohibit all internet-based crypto services despite significant digital-asset investments made by Pakistanis. The decision comes as government officials in Islamabad take a strong stance against the legalization of cryptocurrencies like bitcoin. Crypto ‘Will Never...

Pakistani finance minister says crypto will never be legal because of FATF

17.5.2023
Pakistan was taken off the FATF gray list in October, and it has good reasons to want to stay in international good graces

US Senators Reintroduce ‘Accountability for Cryptocurrency in El Salvador (ACES) Act’

16.5.2023
U.S. Senators Jim Risch and Bob Menendez have reintroduced the “Accountability for Cryptocurrency in El Salvador Act,” known as the “ACES Act,” for discussion in the Senate. The piece of legislation seeks to examine the level of adoption of bitcoin as a legal tender in...

South African Rand Plunges to New 2023 Low Versus the US Dollar

12.3.2023
Just a few weeks after tapping its best exchange rate versus the greenback in 2023, the South African rand fell to a new 2023 low of 18.636 local currency units for every dollar on March 7. South Africa’s power shortages as well as the country’s recent grey-listing by the Financial...

South Africa Added to FATF ‘Grey List’ Despite Designation of Crypto as a Financial Product

26.2.2023
In a move seen as a major setback for South Africa, the international financial watchdog, the Financial Action Task Force, announced on Feb. 24 that it had added the country to its “grey list.” Getting grey-listed by the financial watchdog potentially makes it difficult for South Africa...

Over 200 Jurisdictions Agree on Timely Implementation of FATF Crypto Standards

26.2.2023
The Financial Action Task Force (FATF) says delegates from over 200 jurisdictions have agreed on “an action plan to drive timely global implementation of FATF standards” on crypto assets. The standard-setting body said many countries have failed to implement its previous requirements...

FATF agrees on roadmap for implementation of crypto standards

24.2.2023
Part of the FATF's ‘Travel Rule’ includes recommendations that financial institutions obtain information on the originators and beneficiaries of certain crypto transactions

FATF Agrees on Action Plan to Drive Implementation of Global Crypto Norms

24.2.2023
The global financial crime watchdog's plenary, made up of 206 members of observer organizations like the IMF and the UN, will also take stock of what jurisdictions have been doing so far

Japanese Government Set to Adopt FATF Crypto AML Guidelines into National Law

5.12.2022
The Japanese government is preparing to enshrine the Financial Action Task Force (FATF)’s crypto anti-money laundering (AML) guidelines into the legal code – after the country’s parliament voted in favor of the measure. NHK reported that MPs voted for the Revised Act on Prevention of Transfer...

Argentina to Revamp Anti Money Laundering Law, Proposes Creation of VASP Registry

28.11.2022
Argentina is preparing to revamp its anti-money laundering and terrorism financing law. It has proposed to include the creation of a registry for virtual asset services providers (VASPs) in the country as part of the new modifications. The changes would prepare the country for the review that...

Countries ignoring crypto AML rules risk placement on FATF's 'grey list' — Report

8.11.2022
Reports suggest the Financial Action Task Force will conduct annual checks to ensure countries are enforcing anti-money laundering rules for crypto providers

After Years of Uncertainty, Cryptocurrency Exchanges Can Open Bank Accounts in Chile

30.10.2022
After years of court battles in Chile, a cryptocurrency exchange has managed to open a bank account in Bci, a financial institution that established a protocol to serve these businesses. The first exchange that opened a bank account with the institution was Buda, a local exchange, which satisfied...

South African Financial Sector Regulator Declares Crypto Assets a Financial Product

20.10.2022
According to a general notice published in a government gazette, crypto assets are now treated as financial products under South Africa’s Financial Advisory and Intermediary Services (FAIS) Act. Declaration of the crypto assets as financial products means crypto asset service providers...

Japan preparing amendment to enforce FATF travel rules on crypto by May 2023: Report

27.9.2022
Meeting international Anti-Money Laundering standards is the latest in a series of measures Japan has taken in recent months to improve its cryptocurrency regulation

India to Finalize Stance on Legality of Cryptocurrency by Q1 2023: Report

21.9.2022
The Indian government is reportedly planning to finalize its stance on the legality of cryptocurrency by the first quarter of next year in order to become Financial Action Task Force (FATF) compliant. “We will finalize our responses by February-March 2023. We have to respond to the FATF...

Financial Superintendence of Colombia Presents Project to Regulate Crypto Service Providers

20.7.2022
The Financial Superintendence of Colombia presented a project that seeks to bring clarity to how links between banks and virtual asset service providers (VASPs) will be handled in the future. The document defines certain key concepts and determines a set of prerequisites that banks need to verify...